GREY:ATBPF - Post by User
Comment by
HarveyTwofaceon Apr 21, 2018 8:41am
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Post# 27921211
RE:WOW ATE TARGET 1.40 !!!!
RE:WOW ATE TARGET 1.40 !!!!https://www.cantechletter.com/2018/04/antibe-therapeutics-has-a-192-per-cent-upside-echelon-wealth-says/
Kind of laughably low valuation from this guy. Probably did not do his homework properly.
Sure, maybe 1.40 CAD is enough within a year with only a "smaller deal" such as Japan/Asia (not US and EU market deals),
Also may be correct valuation after next phase 2 efficacy results coming in Q4, (still low valuation) - but thinking this will be the value during or after the phase 3 ?!? Yeah, sure, I want the same sh*t this guy is smoking...!
Considering the patent cliff, and how phase 1/2 research companies gets bought for 100s of millions, and considering the huge market for NSAIDs (at least 12-13 billion USD per year), and that a superior NSAID could well reach record sales figures - you are almost bashing the sp when giving a conservative target price like this guy did...